Block shares soar as much as 24% as company slashes workforce by nearly half

"Today we shared a difficult decision with our team," Jack Dorsey, Block's co-founder and CEO, wrote in a letter to ...

Block plans to lay off nearly half its staff in ‘deliberate and bold’ embrace of AI

Block’s stock surges 20% as Wall Street rewards massive job cuts at the parent company of Square and the Cash App.

Block Lays Off 40% Of Staff And Blames It On AI. Don’t Buy The Excuse.

Block’s 40% layoffs spark questions about AI’s role and overhiring. Here’s what the data shows about headcount, compliance ...
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Why is Block laying off nearly half its staff? Reasons explained

Block cuts 40% of its workforce as Jack Dorsey cites AI-driven restructuring, saying the company remains financially strong despite eliminating over 4,000 jobs ...